I am in desperate need of help! I dropped out of university last year and therefore did not receive my maintenance loan, in order to survive I turned to payday loans. I then became increasingly dependent on them and have now accrued £6000 payday/unsecured loan debt. I have tried to enter an IVA but the company I contacted and signed up with, I am extremely suspicious about and would like to get out of my current situation as soon as possible! Because of my IVA, my creditors have put my accounts on hold for now, so I have had a little breathing space. This is an extremely stressful situation and I feel like I am in way over my head. My depression and anxiety is through the roof as I never know if a debt collector is going to come to my door or if I will be taken to court due to my inability to pay. I am employed but as a waitress I only make so much. My wages go towards the necessities and if I can, I pay some of my creditors. I am only 20 years old and to be in this situation so young is having a massive affect on me and my mental health. I would love to be able to clear my debts and go back to living life the way I want to and not having to pay back over £1000 in total, a month. I only have myself to blame of course but I was in a difficult situation in which I could not leave my job at university for 4 weeks due to my notice period. The pay from that job was not at all substantial as I only worked around 22 hours a week. Whilst stuck at uni I had to pay for rent, food and bills with no maintenance loan. Which is why I turned to these unforgiving and disgustingly expensive loan companies.
Any help in paying these debts would be ridiculously appreciated and completely life changing. The opportunity to start again and not have to worry about debt would be incredible. My 21st birthday is very soon and being able to celebrate it by spending my money how I want to without the fear and weight of my debts on my shoulders would be a truly special gift. I appreciate everyone who even reads this and those who even consider or actually do help. https://paypal.me/laurenjgx?locale.x=en_GB